542 Douglas Avenue, Dunedin, FL 34698

$2,979,000
List Price
$2,979,000
Status
Active
Days on Market
34
MLS#
U8162331
Lot Size
26,140
Acres
0.6
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Simpson & Wifes Add
MLS Area Major
Dunedin

Property Description

Look what we found!! Unique opportunity in the Downtown Dunedin corridor. This is a .6 acre parcel that sits between Douglas Avenue, a main through fare that is an easy walking distance to Downtown Dunedin, and the Pinellas Trail, a main artery for bikers and walkers. The possibilities for development for mixed use, residential and income in this location are fantastic. The property is now zoned for general office and presently has a fully functioning 3600 sq ft office on it that would have to be removed for full development. Or keep it and develop it partially. It is also listed as an office (MLS#U8162756). This is a downtown core location which the City said lends itself to mixed use a combination of retail, office and residential, but there is also potential for strictly residential (townhomes and/or villas) and also vacation rentals. We are waiting for a preliminary drawing plan that shows 11 units to be built. This property is not located in a flood zone and with the growth of the Dunedin area and its proximity to Downtown with its vibrant business district this is an area that is ascending. This is an opportunity you don't want to miss!

Additional Information

Taxes
$7193
Location
Corner Lot, City Limits, Level, Near Public Transit, Sidewalk, Paved
Community Features
No Deed Restriction
Utilities
BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Electricity Available, Sewer Available, Sewer Connected, Water Connected
Pool
No Pool
Flood Zone Code
X500
Parcel ID
34-28-15-82044-031-0010
Legal Description
SIMPSON & WIFE'S ADD BLK 31, LOTS 1 AND 2 & N 5 FT OF LOT 3

Mortgage Calculator

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Listing courtesy of CHARLES RUTENBERG REALTY INC.

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